No question at a margin for around 1.5% is slim as things stand. Question of whether they can grow revenue without adding further to overhead.
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Yes the correct question to ask.
As the acquisitions make up 76% of the revenue, and this is the first time they have shown up in the accounts it impossible for me to guess.
Also with fabrication going backwards we do not know the margins for the different sectors.
I think I will have to wait for the full year's result, before I can make an informed judgement.
Possibly if we see insiders buying we will be able to make a better guess.
An interesting Shareholder change -
https://www.nzx.com/announcements/349455
Quote:
Asset Management Limited has today advised that it has unconditionally sold 13 million Ordinary Shares in Mercer Group Limited (MGL) to interests associated with Colin Neal. This means on settlement of this transaction Mr Neal’s interest will be 19.81% of the Ordinary Shares on issue. Colin Neil recently sold his interest in Big Chill distribution business to Freightways Limited.
The relevant statutory notices of Substantial Holdings will be made on the settlement expected within two weeks from this announcement.
Asset Management Limited a remains the company’s largest single shareholder owning 22.5% of the company.
" Possibly if we see insiders buying we will be able to make a better guess. ".
In view of this... Comments percy ?..
Of course... Softee Softee…
Disc. Not a holder.
For sale 1470 at 24.5 cents,then 108,332 at 25 cents.
Not many wanted by buyers,and only 628 traded today at 24.5 cents.
I would have thought there would have been more interest.
Been a S Her in and out over the years, but with the Ch-Ch "inc imho " in control, one
would want to know what the weeze is before climbing onboard ( again ) . ps looks like their silo issues are getting sorted finally !